America's infrastructure is the oldest on record and in desperate need of repair and new construction. What's less obvious is whether President-elect Donald Trump's plan to spend big will have as much oomph for the economy.
Trump has discussed investment proposals, which include roads, bridges, and airports, ranging from more than $500 billion—double what Democratic opponent Hillary Clinton sought—to $1 trillion over a decade. He said in his victory speech early Wednesday that he aims to make America's infrastructure "second to none" while putting millions of people to work and doubling economic growth.
The timing is ripe: The average age of the nation's fixed assets in 2015 was 22.8 years, the oldest in data back to 1925.
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